There is a bearish trend on the 15-minute timeframe. At the moment the price is finishing its bullish correction. Therefore, it is possible to take risk for short position from the bearish order block at a price of 23.154 - 23.104.
If the price breaks through this block and the candle body closes the Character Change line, it means the trend has changed and the setup is not valid.
If the price breaks through this block and the candle body closes the Character Change line, it means the trend has changed and the setup is not valid.
Note
Higher timeframe 2HNote
Main Timeframe 1D SetupNote
The price did not reach the order block and formed a new bearish momentumNote
Trade closed manually
Note
I saw a sign of a reversal today and decided to take a short-term risk for day trading.Note
first target 22.410 takenNote
chart on capital com where trade was openedTrade closed: stop reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.